Evercore Says Ciena Could Be Worth $550+. Here’s the Math

Evercore ISI upgraded Ciena Corporation (NYSE:CIEN) from In Line to Outperform in late September. The firm described the stock as an “attractive way to gain exposure to the optical networking space.” It also raised its price target from $375 to $ 550. But how much upside remains when investors are already paying 56 times earnings? […]